Par Pacific Holdings, Inc. (NYSE:PARR) Given Average Recommendation of “Moderate Buy” by Brokerages

Par Pacific Holdings, Inc. (NYSE:PARR) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $44.00.

A number of research firms have commented on PARR. Zacks Research cut shares of Par Pacific from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. The Goldman Sachs Group lifted their target price on shares of Par Pacific from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Mizuho upped their price target on shares of Par Pacific from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Piper Sandler set a $57.00 price objective on shares of Par Pacific in a research report on Monday, January 12th. Finally, Tudor Pickering upgraded Par Pacific from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th.

Par Pacific Price Performance

NYSE:PARR opened at $35.10 on Wednesday. Par Pacific has a 12-month low of $11.86 and a 12-month high of $48.40. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 7.39 and a beta of 1.24. The stock’s 50 day moving average price is $39.31 and its two-hundred day moving average price is $36.48. The company has a quick ratio of 0.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.70.

Par Pacific (NYSE:PARR) last issued its earnings results on Tuesday, November 4th. The company reported $5.95 EPS for the quarter, topping the consensus estimate of $1.98 by $3.97. Par Pacific had a return on equity of 23.69% and a net margin of 3.15%.The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the company posted ($0.10) EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts anticipate that Par Pacific will post 0.15 earnings per share for the current year.

Insider Buying and Selling at Par Pacific

In related news, CEO William Monteleone sold 99,284 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $43.15, for a total value of $4,284,104.60. Following the completion of the sale, the chief executive officer directly owned 423,022 shares in the company, valued at $18,253,399.30. The trade was a 19.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Richard Creamer sold 15,848 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $41.22, for a total value of $653,254.56. Following the transaction, the executive vice president owned 54,654 shares in the company, valued at $2,252,837.88. The trade was a 22.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.40% of the company’s stock.

Institutional Trading of Par Pacific

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in shares of Par Pacific by 175.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company’s stock worth $31,000 after purchasing an additional 753 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Par Pacific by 157.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock valued at $42,000 after buying an additional 976 shares during the period. Federated Hermes Inc. acquired a new stake in Par Pacific during the third quarter worth approximately $44,000. Aster Capital Management DIFC Ltd bought a new position in Par Pacific during the 3rd quarter worth $48,000. Finally, Smartleaf Asset Management LLC increased its stake in Par Pacific by 81.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock worth $62,000 after acquiring an additional 1,048 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

About Par Pacific

Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.